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Jean-Claude Juncker

Decision time for Greece, and Greeks

Decision time for Greece, and Greeks

European Commission President Jean-Claude Juncker offered some sage advice recently to the Greek electorate, which faces a crucial decision on Sunday about how to deal with its crushing debt: "You shouldn't commit suicide because you're afraid of dying." That captures the rock-and-hard-place situation confronting Greeks as their government defaults on a $1.7-billion payment owed to the International Monetary Fund. With banks temporarily limiting withdrawals and global markets slipping, Greeks will go to the polls next weekend to choose between endorsing the higher taxes and pension cuts their creditors have sought, or demanding a better deal that may never...